Filing Flows › Verizon Communications (VZ) › Q2 2026 › vs Q1 2026
Verizon Communications (VZ) Q2 2026 vs Q1 2026 (quarter over quarter)
Verizon Communications's revenue fell $187M (-0.5%) from $34.4B in Q1 2026 to $34.3B in Q2 2026. The biggest changes: Wireless equipment −$657M (-12%); Service revenues and other +$470M (+2%). Operating margin 21.0% against 23.9% (-3.0 pts).
Verizon Communications, Q2 2026: revenue $34.3B (-0.7% year over year), operating margin 21.0%, net earnings $3.8B, operating cash flow $10.4B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 21.0% | 23.9% | -3.0 pts |
| Net margin | 11.2% | 14.6% | -3.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service revenues and other | $29.2B | $28.8B | $470M | +2% |
| Wireless equipment | $5.0B | $5.7B | −$657M | -12% |
| Revenue | $34.3B | $34.4B | −$187M | -0.5% |
| Operating profit | $7.2B | $8.2B | −$1.1B | -13% |
| Costs & expenses | $27.1B | $26.2B | $876M | +3% |
| Pre-tax earnings | $5.3B | $6.8B | −$1.5B | -22% |
| Other expense, net | $1.9B | $1.5B | $447M | +31% |
| SG&A | $9.0B | $7.6B | $1.3B | +18% |
| Other operating costs | $18.1B | $18.6B | −$473M | -3% |
| Net earnings | $3.8B | $5.0B | −$1.2B | -24% |
| Minority interests | $114M | $101M | $13.0M | +13% |
| Income tax | $1.3B | $1.6B | −$313M | -19% |
| Depreciation & amortization | $5.0B | $4.9B | $116M | +2% |
| Working capital & other | $1.6B | −$2.0B | $3.5B | — |
| Operating cash flow | $10.4B | $8.0B | $2.5B | +31% |
Questions
How much did Verizon Communications's revenue grow quarter over quarter in Q2 2026?
Verizon Communications's revenue fell $187M (-0.5%) from $34.4B in Q1 2026 to $34.3B in Q2 2026.
What drove Verizon Communications's revenue change in Q2 2026?
Wireless equipment −$657M (-12%); Service revenues and other +$470M (+2%).